Category: Industry
Fitch Assigns Merchant Bank of Sri Lanka & Finance First-Time Rating of BBB+(lka); Outlook Stable
Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC (MBSL) a first-time National Long-Term Rating of ‘BBB+(lka)’. The Outlook is Stable. MBSL is 84.5% owned by Bank of Ceylon (BOC, A(lka)/Stable) and other BOC group entities. BOC is the largest banking group in the country.
Port City Colombo hosts networking session with Chairman of Commonwealth Enterprise and Investment Council
Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), recently at the Port City Colombo Sales Gallery. Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s investment promotion drive, […]
CSE launches version3 of its Business Intelligence Dashboard – CSE Market IQ
The Colombo Stock Exchange (CSE) recently launched the 3 rd version of its internal business intelligence dashboard coined the CSE ‘Market IQ’ (MIQ). This advanced version of the business intelligence dashboard, which was specifically designed to convert analysed data into insights for the convenience of internal stakeholders, is a major step into the future of […]
Sri Lanka’s tourism poised for remarkable growth as visa free travel enhances industry potential
Tourism in Sri Lanka is on a high growth trajectory following a boost in Sri Lanka’s potential as a must-visit destination. Visa free travel for tourists from China, India, Indonesia, Russia, Thailand, Malaysia and Japan has provided the right nudge for tourists to put Sri Lanka on the top of their travel bucket list. Nationals […]
VIDEO: Introducing Sora — OpenAI’s text-to-video model
Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple characters with vibrant emotions. “We’ll be taking several important safety steps ahead of making Sora available in OpenAI’s products. We are working with red teamers — domain experts in areas like misinformation, hateful content, and bias — […]
PMI indicates an expansion in Manufacturing and Services activities in January 2024
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.6, indicating an expansion in manufacturing activities. This improvement was attributable to the increases observed in all sub-indices. The expansion in New Orders and Production was largely driven by the manufacture of textiles & apparel sector. However, New Orders and […]
Sri Lanka signs direct air service agreement with Israel
Ports, Shipping, and Aviation Minister Nimal Siripala de Silva announced the signing of a direct air service agreement between Israel and Sri Lanka yesterday (15). Speaking at a press briefing Minister de Silva highlighted the agreement’s focus on preventing delays in Sri Lankan workers’ migration abroad. “The agreement, signed between the Israeli Ministry of Transport […]
Top Universities to Compete in the CFA Institute Research Challenge Sri Lanka 2023/24
CFA Society Sri Lanka is pleased to announce that teams from the University of Colombo, the University of Sri Jayawardenepura, and two teams from the University of Kelaniya have qualified for the local finals, following an extensive grading process. The finals are scheduled for 27th February 2024 at the Colombo Stock Exchange Each university team […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel IIIcompliant subordinated debentures of up to LKR20 billion an expected National LongTerm Rating of ‘BBB+(EXP)(lka)’.
JICA President observing “The Investment Game” under Open Innovation Challenge
The Open Innovation Challenge (OIC), aiming to empower the Sri Lankan startup ecosystem by identifying and nurturing innovative ideas that have the potential to transform into economically viable businesses, was started on February 13th, 2024. On February 14th, 2024, a trial, “The Investment Game” was organized by Dr. Alex Lin from Singapore, who invested in […]
SL High Commission in London hosts ‘Sri Lanka Business Drive 2024’
The High Commission of Sri Lanka in London in collaboration with the Commonwealth Enterprise and Investment Council (CWEIC) organised ‘Sri Lanka Business Drive 2024’, an interactive Roundtable discussion on investments at the High Commission on 02 February 2024. The event was presided over by High Commissioner of Sri Lanka to the United Kingdom Rohitha Bogollagama. The […]
Atlas empowers schoolchildren to conquer their dreams through joyful learning
Inspiring education for over 60 years, Atlas has been a cherished foundation in turning students’ dreams into vibrant realities by infusing joy into their learning experiences. Atlas has gone beyond its role as a leading stationery provider in Sri Lanka, offering a holistic learning experience to schoolchildren. Over the years, Atlas has tirelessly worked towards […]